Analysts expect Johnson Outdoors Inc. (NASDAQ:JOUT) to announce sales of $98.21 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Johnson Outdoors’ earnings, with the lowest sales estimate coming in at $97.22 million and the highest estimate coming in at $99.20 million. Johnson Outdoors posted sales of $93.73 million in the same quarter last year, which suggests a positive year over year growth rate of 4.8%. The business is scheduled to issue its next quarterly earnings report on Friday, February 2nd.

On average, analysts expect that Johnson Outdoors will report full year sales of $98.21 million for the current financial year, with estimates ranging from $501.50 million to $507.34 million. For the next year, analysts forecast that the firm will post sales of $524.15 million per share. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Johnson Outdoors.

Several analysts have recently commented on JOUT shares. Zacks Investment Research raised Johnson Outdoors from a “hold” rating to a “strong-buy” rating and set a $73.00 target price for the company in a research report on Tuesday, December 19th. Imperial Capital reaffirmed an “outperform” rating and issued a $70.00 target price (up previously from $63.00) on shares of Johnson Outdoors in a research report on Friday, December 15th. Finally, ValuEngine cut Johnson Outdoors from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $71.67.

In related news, Director Richard Case Sheahan sold 4,434 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $61.65, for a total transaction of $273,356.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David W. Johnson sold 1,000 shares of the stock in a transaction on Monday, January 8th. The stock was sold at an average price of $62.31, for a total value of $62,310.00. The disclosure for this sale can be found here. Company insiders own 28.42% of the company’s stock.

Several large investors have recently made changes to their positions in JOUT. Nordea Investment Management AB purchased a new stake in shares of Johnson Outdoors during the second quarter worth $174,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Johnson Outdoors during the third quarter worth $206,000. First Trust Advisors LP purchased a new stake in shares of Johnson Outdoors during the second quarter worth $226,000. The Manufacturers Life Insurance Company raised its holdings in Johnson Outdoors by 11.4% during the second quarter. The Manufacturers Life Insurance Company now owns 4,775 shares of the company’s stock valued at $231,000 after buying an additional 488 shares in the last quarter. Finally, Cypress Capital Management LLC WY bought a new position in Johnson Outdoors during the third quarter valued at about $254,000. Institutional investors and hedge funds own 61.31% of the company’s stock.

Shares of Johnson Outdoors (JOUT) traded down $0.04 during trading on Wednesday, hitting $61.56. The stock had a trading volume of 42,824 shares, compared to its average volume of 63,200. The firm has a market capitalization of $615.95, a PE ratio of 17.34 and a beta of 0.67. Johnson Outdoors has a 1-year low of $31.25 and a 1-year high of $76.18.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Thursday, January 11th will be given a $0.10 dividend. The ex-dividend date is Wednesday, January 10th. This represents a $0.40 annualized dividend and a dividend yield of 0.65%. Johnson Outdoors’s dividend payout ratio (DPR) is presently 11.27%.

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Johnson Outdoors Company Profile

Johnson Outdoors Inc is a manufacturer and marketer of branded seasonal, outdoor recreation products. The Company operates through four segments: Marine Electronics, Outdoor Equipment, Watercraft and Diving. Its Marine Electronics segment’s brands are Minn Kota, Humminbird and Cannon. Its Outdoor Equipment segment’s brands are Eureka!, Jetboil and Silva.

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